Gorilla Technology Group (NASDAQ:GRRR) Shares Gap Down - What's Next?

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $30.34, but opened at $29.35. Gorilla Technology Group shares last traded at $27.86, with a volume of 1,254,403 shares changing hands.

Analyst Ratings Changes

Separately, Northland Securities upped their price target on Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd.

Gorilla Technology Group Stock Performance

The business has a fifty day moving average of $15.89 and a 200 day moving average of $8.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GRRR. Transcendent Capital Group LLC acquired a new position in Gorilla Technology Group during the fourth quarter worth $72,000. Creative Financial Designs Inc. ADV acquired a new position in Gorilla Technology Group during the fourth quarter worth $135,000. GSA Capital Partners LLP acquired a new position in Gorilla Technology Group during the third quarter worth $55,000. Cetera Investment Advisers acquired a new position in Gorilla Technology Group during the fourth quarter worth $258,000. Finally, Vontobel Holding Ltd. acquired a new position in Gorilla Technology Group during the third quarter worth $81,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

About Gorilla Technology Group

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.